Internet giant puts $40M into Renaissance Learning Inc.

6:52 PM,
Feb. 22, 2014

Renaissance Learning's world headquarters in Wisconsin Rapids.

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The venture capital arm of an Internet giant now is part owner of a Wisconsin Rapids-based educational technology provider.

Google Capital became a minority owner of Renaissance Learning Inc. after making a $40 million investment, a Renaissance Learning spokeswoman confirmed last week. Formed in 2013, Google Capital has invested in only two other companies - SurveyMonkey and Lending Club - making the investment with Renaissance its first in the education sector, according to a Renaissance news release.

"It's a great affirmation for all the work that all of our workers in Wisconsin ...